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between the president and john boehner. >> that relationship has been pretty, you know, warm behind the scenes. they both get along pretty well personally. and they both have challenges in their own parties and coming into a deal that cuts entitlements and raises tax revenue. john boehner really reached out the last couple of days to the president on a series of issues, immigration reform. he's now saying that will be a priority next year when republicans wouldn't touch it. that's a big deal. he's also saying, look, i'm willing to support more tax revenue as part of tax reform, just throw me a bone, basically, mr. president, on the rates. >> sure. >> the problem for john boehner is his conference is very conservative. will be more conservative potentially next year. he needs to get their votes and getting their votes, you have to give them something to vote for, not just say, hey, eat it. >> right. >> the president really faces a choice now. does he take this olive branch and return it with another, or play hard ball? now he's in a strong position. and holding a lot of the cards. >>
on the growing debt. john boehner and president obama are the primary negotiators. what are both sides going to need to do to get the job done? chris van hallen joins us now. thanks for coming in. good to have you here. >> good to be with you. >> is there any reason that i or we the american people can have any optimism this is going to get done before the end of the year? there's not a lot of time left and a lot to deal with. >> yes, there is reason for optimism. there is a combustable risks. but there is opportunities here. with respect to across the board cuts, i think there's a decent chance congress could come up with an alternative way to reduce the deficit over a period of time so you don't have these slashing cuts. you'd have to replace those savings with other savings but that's doable. the tax piece is more complicated. you've heard the president make the point that he wants to immediately extend tax relief to 98% of american people. 100% of the american people would get tax relief on the first $250,000 of their income. on income above that, we should have people go back to the rat
issue that's facing us. john boehner and mitch mcconnel said we want to compromise. don't want the american people to deal with what could be ahead. what is going on? we all think their backdoor meetings that get done. is that not the case? >> they are having those kind of meetings. they are going to have a meeting later on today with the members of congress with leadership. look, it's very clear we need to look something serious. send the message to the markets and the american people. this election pretty much laid out what the american people want. 80% of the american people want to compromise. both parties to work together. i don't know what it will take for these guys to wake up and realize that. we have to stop this negotiating i'm not going to do this. the only thing we know for sure is rates are going up for the wealthy. elections matter. he did win. >> i think what you have is a lot of posturing going on and it's posturing that takes you toward the negotiations that will take place. i would disagree with my friend marty that the rates have to go up. i think there's a
. >> point to the impact higher taxes would have on hiring. but house speaker john boehner is shown a willingness to raise revenue if it involves simplifying the tax system. not just raising rates. >> for the purposes of bipartisan agreement, we're willing to accept new revenue under the right conditions. >> and the reaction already from the markets. the dow fell in a big way yesterday. that's due to things happening overseas but also has to do with the approaching fiscal cliff. in washington, fox news. >> president obama will become the first sitting u.s. president to visit the southeast asian country of berma later this month. it was a repressive military regime. the white house has encouraged the move towards democracy. the visit was announced this morning. >> election official inside virginia are thinking of solutions to the long lines of voters forced to wait during tuesday's election. voters shouldn't have to wait more than an hour. using optical scans instead of touch screens and bringing in more voting machines. the problem is being blamed on a high voter turn out and few vo
john boehner now open to raising taxes in other ways. but he told abc news that tax rates should remain where they are. >> on the table, but through reforming our tax code. and i would do that if the president were serious about solving our spending problem, and trying to secure our entitlement program. >> reporter: most economists agree that reforming entitlement programs like medicare, medicaid and social security is necessary, but it would involve a grand bargain. it could take months or years to get that done. the deadline for congress just over seven weeks from now. if these cuts take effect, a congressional budget office report says unemployment could climb to above 9%. some entitlement programs such as social security and medicaid are exempt, but just about everything else is on the table. back to you. >> sherri ly, thank you. >> going over the fiscal cliff threatens to impact each and every one of us. how likely is a compromise? what are hill watchers hearing about the fiscal cliff? we'll find out when ed o'keefe of the "washington post" joinsous in our next half hour. >>> new t
tax cuts. $440 billion worth. john boehner says he is open with putting politics aside and making a deal with the president. they have until january 1st from preventing the economy from going over that cliff. another issue for the president is appointing a new secretary of state. clinton is not expected to return but may stay a few weeks after the president is sworn in again. >> election officials in virginia are considering changes after long lines force some to wait for hours to cast their ballot. the commonwealth is considering switching from the touch screen mondays to optical scans. turn out was less than in 2004 or 2008. there were complaints about long lines and registration issues. now investigating the voting problems there. >> other top stories, gabby giffords will meet her shooter today. face-to-face with the man who shot her in the head at close range. he is due in court this morning for the first time. he pleaded guilty in august to the shooting and find out his sentence later today. >>> a disturbing attack in falls church, virginia. >> a man assaulted a teenage girl
put on the table his ideas on the tax issue. speaker john boehner has said we'll talk about this with you. they both start with strongest positions and then hopefully they can do a compromise on it. the point on this, this isn't just a short-term problem. this is a long-term problem. >> that's what i was going to ask, we've seen the can get kicked down the road. can we get to real results? real answers this time? >> the hope is what you've got is not going to solve this in the next 6 weeks. that's obvious. but should be an overall agreement. that we've got to deal with the entitlement issue. we've got to deal with cuts in the budget. and we've got to deal with the revenue side. the most important thing right now is continue to stimulate the economy to create more jobs so people are paying taxes so we don't have these deficits and if it means targeted tax breaks then we should be considering some of those for small businesses. >> do you think we'll see the compromise we haven't seen? >> i hope so. but it's not a short-term compromise. kicking the can down the road by 6 months
Search Results 0 to 6 of about 7